This borrowing group started on 14 December 2010 and brings together very organized women who are serious about their group's operations. They all live in the same village and share strong family ties. They are small business owners engaged in various income-generating activities. Ms. Therese (standing at the far right with her left hand raised) is the representative of this group. Despite her young age (26), she is married and mother of a daughter and a son. She is a very ambitious and disciplined woman. She sells "fataya" doughnuts made of salted flour, accompanied by tomato sauce with cooked fish inside. Every three days she replenishes her inventory. With her new loan, she plans to buy 5 kg of flour, 1 liter of oil, 1/2 kg of fresh fish, onion, and various ingredients for preparation. The profits earned from this business will enable her to increase her savings and to better help her children with their education.

Additional Information

More information about this loan

This loan is going to a borrower or borrower group living in a rural area.

About CAURIE Micro Finance

The mission of CAURIE Micro Finance is to contribute sustainably and to offer microfinance services adapted to impoverished micro-entrepreneurs, primarily women, based on the principles of ‘credit for the poor’ and on microfinance best practices, all while investing in order to become financially independent.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.